SUPPLEMENT DATED FEBRUARY 1, 1996 TO
PROSPECTUS DATED MAY 1, 1995 FOR
INDIVIDUAL AND GROUP VARIABLE AND MARKET
VALUE ADJUSTED DEFERRED ANNUITY CONTRACTS
KEMPER PASSPORT
Issued By
KEMPER INVESTORS LIFE INSURANCE COMPANY
Effective February 1, 1996, Kemper Investors Life Insurance Company
has revised or endorsed the Contracts to provide for: 1) waiver of the
Records Maintenance Charge for Certificates with a Certificate Value
exceeding $50,000; 2) withdrawal of an amount up to 15% of the Certificate
Value each year without assessment of a withdrawal charge; and 3) waiver
of the withdrawal charge pursuant to a nursing care waiver endorsement.
These changes are described below with references to those parts of the
Prospectus that are modified by this Supplement.
Records Maintenance Charge
The first paragraph under "B. Records Maintenance Charge" appearing
on page 17 of the Prospectus is revised by adding the following to the end
thereof:
"The Records Maintenance Charge will be waived for
Certificates with a Certificate Value exceeding $50,000 on
the date of assessment."
Withdrawal Charge
The third paragraph appearing on page 3 of the Prospectus and the
second paragraph appearing under "C. Withdrawal Charge" on page 17 of the
Prospectus are revised to read as follows:
"An Owner may withdraw up to 15% of the Certificate Value
in any Certificate Year without assessment of a Withdrawal
Charge. If the Owner withdraws an amount in excess of 15%
of the Certificate Value in any Certificate Year, the
amount withdrawn in excess of 15% is subject to a
Withdrawal Charge."
The following new paragraph is added under "C. Withdrawal Charge"
appearing on page 17 of the Prospectus:
"Subject to state approval, a nursing care or
hospitalization waiver endorsement will be issued under
the Certificate. The endorsement provides that subject to
certain exceptions withdrawal charges will not be assessed
on withdrawals:
1. after an Owner has been confined in a hospital
or skilled health care facility for at least
thirty days and the Owner remains confined at
the time of the request; or
2. within thirty days following an Owner's
discharge from a hospital or skilled health
care facility after a confinement of at least
thirty days.
Restrictions and provisions related to the nursing care or
hospitalization waiver are more fully described in the
endorsement."
PAS-01S (2/96)
10 M (2/96)
